Global cybersecurity company Palo Alto Networks recently announced that it has entered into a definitive agreement to acquire machine identity-based firm Aporeto in a cash deal of US$150 million.
Palo Alto Networks covers several segments like firewalls, cloud-monitoring and compliance, endpoint protection, and threat detection services. The Santa Clara-based company stated the latest acquisition deal will bring it closer to using AI and machine learning to help further automate significant parts of the company’s customer security operations.
Founded in 2016, Aporeto uses identity-based access control to secure workloads across all infrastructures. The California-based company claims that its technology strengthens Palo Alto’s cloud security suite Prisma. As per the acquisition deal, Aporeto co-founders Dimitri Stiliadis and Satyam Sinha are going to join Palo Alto Networks.
Speaking on the new acquisition deal, Nikesh Arora, chairman, and CEO of Palo Alto Networks said, “We are thrilled to welcome Aporeto to the Palo Alto Networks family. We believe the addition of Aporeto’s unique machine identity technology will further enhance our leading Prisma Cloud capabilities and strengthen our commitment to helping customers secure their journey to the cloud.”
“We have dedicated ourselves to helping organizations securely embrace the cloud. Teaming up with Palo Alto Networks allows us to bring our machine identity-based micro-segmentation technology to a large customer base. We are thrilled to join forces to help customers secure their journey to the cloud,” said Dimitri Stiliadis, co-founder and CTO of Aporeto.
Palo Alto Networks recently acquired information security startup Demistro in a $560 million cash and stocks deal. The acquisition deal, which is expected to be completed in the third-quarter of the fiscal year, will accelerate the Palo Alto networks application framework strategy and support the company’s aim to deliver immediate threat prevention and response for security teams.
Demisto, founded in 2015, develops and markets automation tools for information security management. The company claims that its Security Orchestration Automation and Response (SOAR) Platform combines orchestration, incident management, and interactive investigation into a seamless experience. Demisto is going to jointly work with the Palo Alto Networks team to strengthen its existing integration with the Application Framework, the company said in a statement.